Amit Shah launched several development projects in Assam
NEW DELHI: India’s Home Minister Amit Shah today launched several development projects in Assam.Shah laid the foundation stone of New Medical College in Guwahati. To be built at a cost of around Rs 850 crore, this will be the second medical college in Guwahati city. Shah also laid the foundation stone of nine law colleges to […]
Narendra Modi launches Ayushman Bharat PM-JAY SEHAT to extend coverage to all residents of Jammu & Kashmir
NEW DELHI: The Prime Minister, Narendra Modi launched Ayushman Bharat PM-JAY SEHAT to extend coverage to all residents of Jammu & Kashmir today through video conference. Union Ministers, Amit Shah, Dr Harsh Vardhan, Dr Jitendra Singh and Lieutenant Governor of Jammu & Kashmir,Manoj Sinha were present on the occasion. The Prime Minister also interacted with […]
Bihar Cabinet approves proposal to create 103 new nagar
NEW DELHI: The Bihar Cabinet on Saturday gave its nod for creation of 103 new nagar panchayats, eight new nagar parishads, and upgrading five municipal councils to municipal corporations, an official release said. The decision was taken to boost urbanisation and increase the states share in central resources, the release said. The Cabinet meeting, chaired […]
Modi government plans product specific warehouses around ports, waterways
NEW DELHI: In a major step towards strengthening port infrastructure, the Narendra Modi government proposes to create product specific warehouses at various major and non-major ports across the country. The proposed warehouses will cater to a host of products such as cement, electronic products, pharmaceuticals, auto spares parts and components. They will also be equipped […]
Adani’s deal to buy stake in Odisha Power Generation Corp cancelled
NEW DELHI: Adani Power’s agreement with AES OPGC Holding and AES India for acquisition of 49 per cent stake in the Odisha Power Generation Corporation (OPGC) has been cancelled as the Odisha government, which holds 52 per cent stake in OPGC has exercised the right of first refusal. In June, Adani Power Ltd had entered […]
Volkswagen India to raise Polo, Vento prices from January 2021
NEW DELHI: Automobile manufacturer Volkswagen India will raise prices of Polo and Vento models by up to 2.5 per cent from January 2021. According to the company, the move will be initiated in lieu of the rising input costs. “Effective January 2021, Volkswagen India announces a price revision of up to 2.5 per cent across […]
ANS Commerce plans to expand internationally in 2021
NEW DELHI: E-commerce startup ANS Commerce plans to foray into the international market in 2021 with the expansion of its operations in Middle East, South Asia and North America. In a statement, the company said that it aims to expand its warehousing capacity by four times and shift its primary focus to the FMCG and […]
SJVN gets 3 hydroelectric projects in Chenab basin from Himachal Pradesh
NEW DELHI: State-owned power producer SJVN Ltd has been awarded three hydroelectric power projects totaling 501 megawatts (MW) by the Himachal Pradesh government. The three projects are to be developed in the Chenab river basin in Himachal Pradesh, SJVN said in a statement. ‘The Cabinet meeting chaired by Himachal Pradesh Chief Minister Jai Ram Thakur […]
Va Tech to focus on water projects funded by agencies, Centre
CHENNAI: India’s water technology multinational company VA Tech Wabag Ltd will be looking only at projects funded by multilateral agencies or the Indian government and look at acquisitions in the digital technology space, said a top company official. He also said the company’s new joint venture Kopri Bio Engineering Pvt Ltd will focus on recovering […]
EY to hire 9,000 skilled people in AI, ML in India next year
NEW DELHI: Leading global professional services organisation EY on Thursday said that it will hire 9,000 professionals in India in 2021 who have skills across Artificial Intelligence (AI), Machine Learning (ML), cyber security, analytics and other emerging technologies. The hiring from the STEM background will be done across all member firms including the global delivery […]
Essar Projects wins over $62 million contract in Papua New Guinea
NEW DELHI :Essar Projects Ltd, a part of Essar Capital’s technology and services portfolio, on Wednesday said its subsidiary Essar Projects PNG (EPPNG) has won a contract worth over $62 million from the national government of Papua New Guinea to construct a provincial headquarters and associated works in the Jiwaka province. The contract was won […]
Bajaj Auto signs MoU with Maharashtra to set up facility in state
MUMBAI: Two-and-three-wheeler manufacturer Bajaj Auto has entered into an MoU with the Maharashtra government to set up a manufacturing facility in the state. The MoU envisages a proposed investment of Rs 650 crore in the state’s Chakan. “The facility is expected to commence production in 2023. This facility will be utilised for manufacturing high end […]
Despite Covid-19 pandemic, Maharashtra proves ‘magnetic’ for investors
NEW DELHI: Amid the Covid-19 pandemic, Maharashtra remains the biggest magnet for investors, attracting a whopping Rs 1.12 lakh crore plus worth of industrial investments in the past six months, Chief Minister Uddhav Thackeray said on Tuesday. The state signed 25 fresh MoUs with investment commitments of Rs 61,000 crore spanning 15 different sectors, with […]
Ban steel exports as high domestic prices harming forging industry: AIFI
NEW DELHI: The Association Of Indian Forging Industry (AIFI) has urged the Centre to ban exports of steel and iron ore due to high prices which are hampering the growth of India’s forging industry. The association cited the Covid-19 disruption as a major factor that has affected the automobile industry, thereby the component suppliers and […]
Private equity investment in Indian real estate likely to revive in 2021
NEW DELHI: Private equity investment in the Indian real estate sector is likely to recover and hit the $6 billion-mark next year, registering a year-on-year growth of 30 per cent, according to a report by Savills India. The report noted that the growth may come on the back of an improving economic sentiment supported by […]
Economic Offences Wing files FIR on Religare Finvest’s complaint of Rs 793 crore fraud
NEW DELHI: The Economic Offences Wing of Delhi Police has filed an FIR against Strategic Credit Capital Private Ltd (SCCPL) along with other associated entities and individuals Mohnish Mukkar over an alleged fraud of over Rs 793 crore based on a complaint by Religare Finvest Ltd (RFL). RFL had filed a criminal complaint in August […]